Middle East: Baking Soda Market 2024

Baking Soda Market Size in the Middle East

In 2022, the Middle Eastern baking soda market decreased by X% to $X, falling for the second year in a row after seven years of growth. The total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Baking Soda Production in the Middle East

In value terms, baking soda production fell remarkably to $X in 2022 estimated in export price. Over the period under review, production recorded significant growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then declined markedly in the following year.

Baking Soda Exports

Exports in the Middle East

Baking soda exports rose notably to X tons in 2022, with an increase of X% on the previous year's figure. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, baking soda exports soared to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Turkey dominates exports structure, finishing at X tons, which was near X% of total exports in 2022. Iran (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the baking soda exports, with a CAGR of X% from 2012 to 2022. At the same time, Iran (X%) displayed positive paces of growth. From 2012 to 2022, the share of Turkey increased by X percentage points.

In value terms, Turkey ($X) remains the largest baking soda supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Iran ($X), with a X% share of total exports.

In Turkey, baking soda exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Iran ($X per ton), while Turkey totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (X%).

Baking Soda Imports

Imports in the Middle East

In 2022, supplies from abroad of baking soda decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, baking soda imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Israel (X tons) and the United Arab Emirates (X tons) were the major importers of baking soda in the Middle East, together reaching near X% of total imports. Turkey (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Jordan (X%), Iraq (X%) and Kuwait (X%). Iran (X tons) and Qatar (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest baking soda importing markets in the Middle East were Israel ($X), the United Arab Emirates ($X) and Turkey ($X), together comprising X% of total imports. Kuwait, Iraq, Jordan, Iran and Qatar lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Iraq, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, picking up by X% against the previous year. Import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, baking soda import price increased by X% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per ton), while Israel ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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